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It can thus combine the advantages of a partnership with those of the limited liability of a corporation. A dormant partnership ( stille Gesellschaft ) comes into existence when a person makes a contribution to an existing enterprise (company, partnership, sole proprietorship) and shares in the latter's profits.
Corporatism is a political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests.
The first German public company statute was the Prussian Act of 1794. In 1861 the Allgemeines Deutsches Handelsgesetzbuch or the General Commercial Code for all of Germany, as well as Austria, was enacted, which devoted a section to joint stock companies. This allowed incorporation with limited liability.
In his 1956 book The Power Elite, sociologist C. Wright Mills stated that together with the military and political establishment, leaders of the biggest corporations form a "power elite", which is in control of the U.S. [15] Economist Jeffrey Sachs described the United States as a corporatocracy in The Price of Civilization (2011). [16]
Anatomy of a Dictatorship: Inside the GDR, 1949–1989 (1998) Jarausch, Konrad H. and Eve Duffy. Dictatorship As Experience: Towards a Socio-Cultural History of the GDR (1999) Jarausch, Konrad H., and Volker Gransow, eds. Uniting Germany: Documents and Debates, 1944–1993 (1994), primary sources on reunification; Pritchard, Gareth.
The power structures of dictatorships vary, and different definitions of dictatorship consider different elements of this structure. Political scientists such as Juan José Linz and Samuel P. Huntington identify key attributes that define the power structure of a dictatorship, including a single leader or a small group of leaders, the exercise of power with few limitations, limited political ...
A C corporation is distinguished from an S corporation, which generally is not taxed separately. Many companies, including most major corporations, are treated as C corporations for U.S. federal income tax purposes. C corporations and S corporations both enjoy limited liability, but only C corporations are subject to corporate income taxation. [1]
Nazi Germany was established in January 1933 with the appointment of Adolf Hitler as Chancellor of Germany, followed by suspension of basic rights with the Reichstag Fire Decree and the Enabling Act which gave Hitler's regime the power to pass and enforce laws without the involvement of the Reichstag or German president, and de facto ended with ...